YouTube Founders to Sell Delicious, a Social Bookmarking Site

J Thoendell stashed this in Tech

Source: http://dealbook.nytimes.com/2014/05/08/d...

The social bookmarking service Delicious has changed hands twice over the last decade, while failing to attract a mainstream audience.

Now it is being sold again. Science Inc., a technology investment and advisory firm run by Michael Jones, the former chief executive of Myspace, is expected to announce on Thursday that it has bought Delicious to anchor a new portfolio of mobile content companies.

The deal is effectively a bet by Mr. Jones that he can reinvigorate a company that has seemed like a perpetual fixer-upper.

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 <a rel="nofollow" target="_blank" href="http://dealbook.nytimes.com/2014/05/08/delicious-social-site-is-sold-by-youtube-founders/?_php=true&_type=blogs&_php=true&_type=blogs&_php=true&_type=blogs&_r=2&">http://dealbook.nytimes.com/2014/05/08/d...</a>

The social bookmarking service Delicious has changed hands twice over the last decade, while failing to attract a mainstream audience.

Now it is being sold again. Science Inc., a technology investment and advisory firm run by Michael Jones, the former chief executive of <a rel="nofollow" target="_blank" href="http://topics.nytimes.com/top/news/business/companies/myspace_com/index.html?inline=nyt-org" title="More articles about MySpace.com.">Myspace</a>, is expected to announce on Thursday that it has bought Delicious to anchor a new portfolio of mobile content companies.

The deal is effectively a bet by Mr. Jones that he can reinvigorate a company that has seemed like a perpetual fixer-upper.